Wall Street Zen Downgrades Black Rock Coffee Bar (NASDAQ:BRCB) to Sell

Black Rock Coffee Bar (NASDAQ:BRCB) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

BRCB has been the topic of a number of other reports. Raymond James Financial reduced their target price on shares of Black Rock Coffee Bar from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. DA Davidson reduced their target price on shares of Black Rock Coffee Bar from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley reduced their target price on shares of Black Rock Coffee Bar from $28.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Finally, Stifel Nicolaus reduced their target price on shares of Black Rock Coffee Bar from $27.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.75.

Black Rock Coffee Bar Price Performance

Black Rock Coffee Bar stock opened at $8.32 on Friday. The firm has a market cap of $416.50 million and a PE ratio of 832.00. Black Rock Coffee Bar has a 52-week low of $6.13 and a 52-week high of $30.40. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $11.78 and its two-hundred day moving average is $16.54.

Black Rock Coffee Bar (NASDAQ:BRCB) last released its earnings results on Tuesday, May 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $55.45 million for the quarter. On average, research analysts expect that Black Rock Coffee Bar will post 0.26 EPS for the current fiscal year.

Insider Activity

In other Black Rock Coffee Bar news, Director Cynosure Group, Llc purchased 13,642,712 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $5.35 per share, with a total value of $72,988,509.20. Following the completion of the acquisition, the director directly owned 19,915,304 shares of the company’s stock, valued at $106,546,876.40. This trade represents a 217.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Clay Howard Geyer purchased 45,080 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of $6.51 per share, with a total value of $293,470.80. Following the completion of the acquisition, the chief operating officer directly owned 57,580 shares of the company’s stock, valued at $374,845.80. This represents a 360.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 13,698,923 shares of company stock worth $73,357,952. 32.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Black Rock Coffee Bar in the 4th quarter valued at $29,000. Franklin Resources Inc. purchased a new position in shares of Black Rock Coffee Bar in the 3rd quarter valued at $36,000. Roxbury Financial LLC purchased a new position in shares of Black Rock Coffee Bar in the 4th quarter valued at $39,000. FNY Investment Advisers LLC purchased a new position in shares of Black Rock Coffee Bar in the 3rd quarter valued at $50,000. Finally, Bank of America Corp DE grew its position in shares of Black Rock Coffee Bar by 1.9% in the 1st quarter. Bank of America Corp DE now owns 143,896 shares of the company’s stock valued at $1,859,000 after buying an additional 2,631 shares during the last quarter.

About Black Rock Coffee Bar

Our Mission: To Fuel People Forward – One Connection, One Moment, One Cup at a Time We are a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by our engaging baristas. Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon, by our co-founders Daniel Brand and Jeff Hernandez. What started as a single 160 square foot coffee bar in 2008 is now one of the fastest growing beverage companies in the United States by revenue and the largest fully company-owned coffee retailer in the country, with 158 locations spanning seven states as of June 30, 2025, from the Pacific Northwest to Texas.